How The Fed Kills A Few Small Banks To Herd Depositors Into The Central Banks
As Caitlin Long of Wyoming’s Custodia Bank explains here:
Enormous amounts of Covid stimulus money (5 trillion) was deposited into small and regional banks.
Many banks did what most would consider the safest thing possible: Put the money into T-bills.
Now the Fed pumps up interest rates “to control inflation”, they say, while printing money like crazy…
This causes the sale price of T-bills on the open market to plummet, as planned, which makes the small and regional banks vulnerable should they need to sell the T-bills before they mature.
No worries - there would be no need to cash them out before they mature unless there was a panic and following bank run.
Remember, all banks are in this position. No bank (except Custodia) has enough money to cover all depositors in the case of a bank run.
Hmmm? Who can the central banks get to start a bank run?
Peter Thiel also associated with Silvergate,- Credit Suisse, - and FTX starts the panic at SVB. Well done! SVB collapses.
Then regulators take advantage of the confusion and shut down Signature Bank even though it was still solvent.
Good job! The last crypto friendly bank in the US has been destroyed.
Extra points for killing the crypto banks but this has very little to do with crypto.
Yes, the Federal Reserve (the central banks) want to prevent US citizens escaping from their fiat system (their Ponzi scheme) but that is not the end game.
This is about corralling US citizens into central banks for a CBDC lockdown where they can keep running their scam.
And with the switch to a CBDC they can:
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control what you are allowed to buy,
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continue to steal your money through inflation and lack of transparency,
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print money to fund wars, bio-weapons labs, and prisons that nobody wants,
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and they can turn off your money if you complain about.
The Federal Reserve (a cartel of big banks) is raising interest rates to crash small banks. This is to frighten US citizens into the “safe” central banks which will make it possible to lockdown all the money in a Central Bank Digital Currency.
They don’t have to crash them all, they just need to start panics in a few of them to get the herd to move all their money into the central banks.
So if all depositors are being corralled into the top 10 or so banks for a CBDC lockdown by crashing a few smaller ones, where does this leave all the small and regional banks? And where does this leave free Americans?
Cardano has the opportunity to gain two new powerful allies:
- The small and regional banks that can now be shutdown at any time, and
- All US Citizens that don’t like being corralled into the Central Banks for a CBCD lockdown.
The following is what we all want:
- Dismantle the Federal Reserve
- Dismantle Cooperate Personhood
- Convert US currency from fiat based to equity based with the most decentralized cryptocurrencies included in the equity.
Crypto needs allies now!
What can be done to pull small and regional banks and all US citizens into the fight against the Central Banks and a CBCD lockdown?
The book, The Creature From Jekyll Island can be downloaded here.
Or listen to the audio book here.